Sioux National Bank (Sioux City, IA)

Episode Information

Episode UID
253501160
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
national
Bank ID
25350 national
Charter Number
2535
Start Date
August 28, 1896
Location
Sioux City, Iowa (42.500, -96.400)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
cc3f6df295792937

Response Measures

Full suspension

Receivership Details

Depositor recovery rate
78.0%
Date receivership started
1896-09-09
Date receivership terminated
1902-07-24
OCC cause of failure
Losses
Share of assets assessed as good
25.9%
Share of assets assessed as doubtful
43.0%
Share of assets assessed as worthless
31.2%

Description

Receivership date (1896-09-09) is reported by multiple articles and matches Comptroller appointment notices.

Events (5)

1. June 9, 1881 Chartered
Source
historical_nic
2. August 28, 1896 Run
Cause
Local Banks
Cause Details
Heavy withdrawals/run on the bank following local banking distress (connected reports cite failure of Union Loan and Trust and related runs).
Measures
Posted notice stating suspension due to large/ heavy withdrawals and assurance that depositors will be paid in full.
Newspaper Excerpt
A notice posted on the doors says the bank has suspended, owing to heavy withdrawals and that depositors will be paid in full.
Source
newspapers
3. August 28, 1896 Suspension
Cause
Local Banks
Cause Details
Bank suspended operations because of heavy withdrawals (run) linked to local banking failures and loss of confidence.
Newspaper Excerpt
The Sioux National bank did not open its doors this morning. A notice posted on the doors says that the bank has suspended owing to heavy withdrawals.
Source
newspapers
4. September 9, 1896 Receivership
Source
historical_nic
5. September 9, 1896 Receivership
Newspaper Excerpt
Comptroller Eckels to-day appointed Jonathan H. Brown receiver for the Sioux National bank, of Sioux City, Icwa.
Source
newspapers

Newspaper Articles (24)

Article from The Topeka State Journal, August 28, 1896

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Article Text

Sioux City Bank Closes. Sioux City, Ia., Aug. 28.-The Sioux National bank did not open its doors this morning. A notice posted on the doors say the bank has suspended, owing to heavy withdrawals and that depositors will be paid in full. No statement was made as to liabilities or assets.


Article from Santa Fe Daily New Mexican, August 28, 1896

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Article Text

Bank Failure in Iowa. Sioux City, Iowa, Aug. 28.-The Sioux National Bank did not open this morning. A notice posted on the door says that the bank suspended owing to heavy withdrawals and that depositors will be paid in full.


Article from Deseret Evening News, August 28, 1896

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Article Text

A Bank Fatture. SIOUX CITY, Iown, Aug. 28.-Sioux National bank did not open this morn10g. A notice posted on the doors says the bank has suspended owing to heavy withdrawals, and the depositors will be paid in full, No statement 18 made,


Article from The Wheeling Daily Intelligencer, August 29, 1896

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Article Text

Bank Falls. SIOUX CITY, Iowa. Aug. 28.-The Sioux National bank did not open its doors this morning. A notice posted on the door says the bank has suspended owing to heavy withdrawals, and that depositors will be paid in full. No statement was made as to liabilities or assets.


Article from The Copper Country Evening News, August 29, 1896

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Article Text

Bank Failure at Sioux City. Sioux City, la.. Aug. 29.-The Sloux National bank did not open its doors Friday morning. A notice was posted on the door saying the bank had suspended owing to heavy withdrawals and that depositors will be paid in full. No statement of liabilities or assets are given.


Article from The Madison Daily Leader, August 31, 1896

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Article Text

The Sioux National bank, one of the best monetary institutions in Sioux City, closed its doors Saturday morning. The notice :posted on the door read, "Large withdrawals and slow collections compel this bank to suspend. Depositors will be paid in full."


Article from The Ely Miner, September 2, 1896

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Article Text

# FIRE AT SAULT STE. MARIE, MICH., DESTROYED Fire at Sault Ste. Marie, Mich., destroyed the Soo national bank block, the Prenzlauer block, Chippewa house, Cleveland house, Metzger block, Perry hotel, post office and United States custom offices, the total loss being $300,000. The exchanges at the leading clearing houses in the United States during the week ended on the 28th aggregated $748,084,748, against $812,957,866 the previous week. The decrease compared with the corresponding week in 1895 is 15.6. Calvin and George Diehl, brothers, aged 16 and 18 years, were drowned in the canal near Middletown, Pa. There were 320 business failures in the United States in the seven days ended on the 28th, against 280 the week previous and 130 in the corresponding period of 1895. The firm of F. G. & I. N. Vanvliet, malsters and dealers in grain in New York, failed for $400,000. Over 1,000 men, women and children were said to be starving in burned Ontonagon, Mich. Light frosts were reported in different sections of Nebraska. For the first time in many years all the collieries under the Lehigh Valley Coal company's system have been ordered to work six days a week until further notice. Mrs. George W. Hibbard, an aeronaut, met instant death at Clayton, Mo., by falling from her balloon, a distance of 2,500 feet. Li Hung Chang, viceroy of China, ambassador extraordinary to Russia and world-renowned diplomat, arrived in New York and became the guest of the nation. In their annual report C. A. King & Co., of Toledo, O., say that clover seed in Ohio, Indiana, Illinois and Michigan will be about two-thirds of a crop and that the wheat crop left in the states named will be unfit for milling, owing to damage by rains. Domestic troubles caused William R. Dederick, postmaster at Marion, Pa., to take his own life. While temporarily insane Mrs. C. W. Green, of Kansas City, Mo., murdered her three sleeping children, aged 13, 9 and 6 years, and then took her own life. John S. Holmes, of Oshkosh, Wis., one of the best-known horsemen and drivers in the country, dropped dead from his sulky in a race at Green Bay. Heavy withdrawals of deposits caused the failure of the Sioux national bank at Sioux City, Ia., with liabilities of $900,000. The Springfield (Mass.) Brewing company, with a capital of $300,000, went into the hands of a receiver. Mrs. O. H. Stickles, of Stratford, Conn., gave birth to three girls and a boy. Every building at Moquah, Wis., was destroyed by a forest fire.


Article from Hutchinson Gazette, September 3, 1896

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Article Text

A Sloux City Bank Closed. SIOUX CITY, Ia., Aug. 20.-The Sioux National bank did not open its doors this morning. A note posted on the doors said the bank had Suspended, owing to heavy withdrawals, and that depositors would be paid in full. No statement was made as to liabilities or assets.


Article from The Weiser Signal, September 3, 1896

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Article Text

Iown Bank Suspends. Sioux City, Iowa, Aug. 28.-The Sioux National bank did not open this morning. A notice posted on the doors says that it suspended owing to heavy withdrawals, and that the depositors will be paid in full. No statement was made.


Article from The Coconino Weekly Sun, September 3, 1896

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Article Text

A Sloux City Bank Closed. SIOUX CITY. Ia., Aug. 29.-The Sioux national bank did not open its doors this morning. A note posted on the doors said the bank had suspended owing to heavy withdrawals and that depositors would be paid in full.


Article from The Diamond Drill, September 5, 1896

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Article Text

The News Condensed. Important Intelligence From All Parts. DOMESTIC. Calvin and George Diehl, brothers, aged 16 and 18 years, were drowned in the canal near Middletown, Pa. There were 320 business failures in the United States in the seven days ended on the 28th, against 280 the week previous and 130 in the corresponding period of 1895. The firm of F. G. & I. N. Vanvliet, malsters and dealers in grain in New York, failed for $400,000. Over 1,000 men, women and children were said to be starving in burned Ontonagon, Mich. Light frosts were reported in different sections of Nebraska. For the first time in many years all the collieries under the Lehigh Valley Coal company's system have been ordered to work six days a week until further notice. Mrs. George W. Hibbard, an aeronaut, met instant death at Clayton, Mo., by falling from her balloon, a distance of 2,500 feet. In their annual report C. A. King & Co., of Toledo, O., say that clover seed in Ohio, Indiana, Illinois and Michigan will be about two-thirds of a crop and that the wheat crop left in the states named will be unfit for milling, owing to damage by rains. Domestic troubles caused William R. Dederick, postmaster at Marion, Pa., to take his own life. While temporarily insane Mrs. C. W. Green, of Kansas City, Mo., murdered her three sleeping children, aged 13, 9 and 6 years. and then took her own life. LA Hung Chang, viceroy of China, smbassador extraordinary to Russia and world-renowned diplomat, arrived in New York and became the guest of the nation. Mrs. O. H. Stickles, of Stratford. Conn., gave birth to three girls and a boy. Every building at Moquah, Wis., was destroyed by a forest fire. TheSpringfield (Mass.) Brewing company, with a capital of $500,000, went into the hands of a receiver. John S. Holmes, of Oshkosh, Wis., one of the best-known horsemen and drivers in the country, dropped dead from his sulky in a race at Green Bay. Heavy withdrawals of deposits caused the failure of the Sioux national bank at Sloux City, Ia., with liabilities of $900,000. The percentage of the baseball clubs in the National league for the week ended on the 30th is as follows: Baltimore. .692; Cincinnati, .639; Cleveland, .607; Chicago, .577: Boston, .546; Pittsburgh, .542: Brooklyn, .481; Philadelphia, .477: New York, 468; Washington, .396: St. Louis, .308: Louisville, 255. Norman Allen, a wealthy cattleman. was killed by an unknown assassin near Mayo. Fla. Lightning set fire to the main building of the Iowa state institute for the feeble minded at Glenwood and it was destroyed. entailing a loss upon the state of $150,000. The George H. Taylor Paper company of Chicago made an assignment with liabilities estimated at $150,000. Fire at Cheboygan, Mich., destroyed a million feet of lumber belonging to Mr. Charlton. of Toronto, and the Sprv Lumber company of Chicago, entailing loss of $200,000. Li Hung Chang paid his respects to President Cleveland at the home of exSecretary of the Navy Whitney in New York. He also visited Gen. Grant's tomb and placed on it a wreath of flowers. The Knights of Pythias' supreme lodge in session at Cleveland, O.. refused the request for the restoration of the German ritual by a vote of 106 to 8. Prof. E. D. Cole, of Ann Arbor, Mich., an aeronaut. was drowned off Presque Isle "by his parachute alighting in the bay. A newspaper train and n freight col. lided near Orange, Mass., and Engineer William Clements was instantly killed and Fireman George Fowler received fatal injuries. Clarence White, Frank Carpenter and Walter Gurney. who were charged with the murder of T.J. Marshall, proprietor of a Chicago department store, were acguitted. Fred Lamoreaux was killed and his wife and wo children fataliy injured by a train near Worcester. Mass. For some unknown cause John A. Hunt fatally shot his daughter Mary at Columbia, Mo., and also endeavored to kill his wife, who was only slightly wounded. The visible supply of grain in the United States on the 31st ult. was: Wheat. 45,574,000 bushels; corn. 13,964.000 bushels: oats. 6,735,000 bushels: rye, 1,699,000 bushels; barley, 740,000 bushels. In a drunken frenzy Frank Beaubien shot his wife at Detroit, Mich., and then willed himself. A resolution was introduced in the supremelodge of the Knights of Pythias in session at Cleveland, O., prohibiting the payment of death benefits to suicides whether the victim be sape or insnne.


Article from The L'anse Sentinel, September 5, 1896

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Article Text

The thirtieth annual meeting of the Universal Peace Union of America was held at Mystic, Conn. The feature was the dedication of the new peace temple, the only institution of its kind in America. The Avenue savings bank in Chicago closed its. doors with liabilities of $170,000. The supreme lodge of the Knights of Pythias in session at Cleveland elected Phillip P. Colgrove, of Hastings, Mich., supreme chancellor. The warship Brooklyn, on her official trial trip at Boston, averaged 21.92 knots an hour, earning a bonus of $350,000 for her builders. Fire at Sault Ste. Marie, Mich., destroyed the Soo national bank block, the Prenzlauer block, Chippewa house, Cleveland house, Metzger block, Perry hotel, post office and United States custom offices, the total loss being $300,000. The exchanges at the leading clearing houses in the United States during the week ended on the 28th aggregated $748,084,748, against $812,957,866 the previous week. The decrease compared with the corresponding week in 1895 is 15.6. Calvin and George Diehl, brothers, aged 16 and 18 years, were drowned in the canal near Middletown, Pa. There were 320 business failures in the United States in the seven days ended on the 28th, against 280 the week previous and 130 in the corresponding period of 1895. The firm of F. G. & I. N. Vanvliet, malsters and dealers in grain in New York, failed for $400,000. Over 1,000 men, women and children were said to be starving in burned Ontonagon, Mich. Light frosts were reported in different sections of Nebraska. For the first time in many years all the collieries under the Lehigh Valley Coal company's system have been ordered to work six days a week until further notice. Mrs. George W. Hibbard, an aeronaut, met instant death at Clayton, Mo., by falling from her balloon, a distance of 2,500 feet. Li Hung Chang, viceroy of China, smbassador extraordinary to Russia and world-renowned diplomat, arrived in New York and became the guest of the nation. In their annual report C. A. King & Co., of Toledo, O., say that clover seed in Ohio, Indiana, Illinois and Michigan will be about two-thirds of a crop and that the wheat crop left in the states named will be unfit for milling, owing to damage by rains. Domestic troubles caused William R. Dederick, postmaster at Marion, Pa., to take his own life. While temporarily insane Mrs. C. W. Green, of Kansas City, Mo., murdered her three sleeping children, aged 13, 9 and 6 years. and then took her own life. John S. Holmes, of Oshkosh, Wis., one of the best-known horsemen and drivers in the country, dropped dead from his sulky in a race at Green Bay. Heavy withdrawals of deposits caused the failure of the Sioux national bank at Sioux City, Ia., with liabilities of $900,000. The Springfield (Mass.) Brewing company, with a capital of $300,000, went into the hands of a receiver. Mrs. O. H. Stickles, of Stratford. Conn., gave birth to three girls and a boy. Every building at Moquah, Wis., was destroyed by a forest fire.


Article from Western Kansas World, September 5, 1896

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A Sioux City Bank Closed. SIOUX CITY, Ia., Aug. 29.-The Sioux national bank did not open its doors this morning. A note posted on the doors said the bank had suspended owing to heavy withdrawals and that depositors would be paid in full.


Article from Las Vegas Daily Optic, September 9, 1896

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Receiver Appointed. WASHINGTON, D. C. September 9.Comptroller Eckels to-day appointed Jonathan H. Brown receiver for the Sioux National bank, of Sioux City, Icwa.


Article from The Wichita Daily Eagle, September 10, 1896

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Washington, Sept. 9.-The comptroller of the currency has apointed Charles A. Dailey receiver of the Citizens' National bank of San Angelo, Texas. and Jonathan A. Brown receiver of the Stoux National bank of Stoux City, la.


Article from The Topeka State Journal, September 10, 1896

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Bank Receivers Appointed. Washington, Sept. 10.-The comptroller of the currency has appointed Chas. A. Dailey receiver of the Citizens' National bank of San Angelo, Tex., and Jonathan A. Brown receiver of the Sioux National bank of Sioux City, Ia.


Article from The Morning Times, September 10, 1896

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Receivers Appointed. Comptroller Eckels has appointed Charles A. Dailey receiver of the Citizens National Bank, at San Angelo, Tex., and Jonathan H. Brown receiver of the Sloux National Bank of Sioux City, Iowa.


Article from The Pioneer Press, September 17, 1896

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Washington Talk. The following additional candidates have been admitted to the naval academy as eadets: D. W. Fowler, Iowa; Edwin H. Dodd, Illinois. The comptroller of the currency has appointed Charles A. Dailey receiver of the Citizens' National Bank of Sangelo, Texas, and John A. Brown receiver of the Sioux National Bank of Sioux City, Iowa.


Article from Omaha Daily Bee, September 19, 1896

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Stoux National Bank Affairs. WASHINGTON, Sept. 18.-(Special Telegram.)-The report of Bank Examiner Stone, who has had charge of affairs of the Sloux National bank of Sloux City since its failure, has been received by Acting Comptroller of Currency Coffin. The report shows that the face value of the assets aggregated $938,500, and liabilities $643,950. A great deal depends on the ability of the receivers to realize the full value for these assets whether creditors will be paid in full or not.


Article from Omaha Daily Bee, November 11, 1896

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SIOUX CITY SAVINGS BANK FAILS. Carried Down Finally in the Wreck of the Union Loan and Trust. SIOUX CITY, Nov. 10.-(Special Telegram.)-A receiver was appointed for the Iowa Savings bank of this place by the district court this morning. The bank was the oldest savings bank in the city, having been organized in 1883, with D. T. Hedges, one of the big boomers, as president, and L. Wynn as cashier. In its early days it was closely connected with the Sioux National bank and both the banks were connected more or less with the syndicate of boomers who made Sioux City famous a few years ago. When the Union Loan and Trust company failed there were runs on both the Sioux National and Iowa Savings banks, and it was with difficulty that they were saved. Some weeks ago the Sioux National gave up and this affected the Iowa Savings also. During the campaign withdrawals of deposits were steady and yesterday the bank was left practically without ready cash. Mr. Manley of the Security National was placed in charge as receiver. The report shows the following: Assets:


Article from Courier Democrat, December 3, 1896

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Washington Talk. The following additional candidates have been admitted to the naval academy as cadets: D. W. Fowler, Iowa; Edwin H. Dodd, Illinois. The comptroller of the currency has appointed Charles A. Dailey receiver of the Citizens' National Bank of Sangelo, Texas, and John A. Brown receiver of the Sioux National Bank of Sioux City, Iowa.


Article from Omaha Daily Bee, January 3, 1897

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Sale of a Bank Building. SIOUX CITY, Jan. 2.-(Special Telegram.)Receiver Brown sold the Sioux National bank property at the corner of Fourth and Pierce streets, today for $20,300 to William Gordon, acting as an agent for other parties. No bidders appeared when the sale was announced, but in the afternoon two came, and Gordon got the building at a low price.


Article from Audubon Republican, August 5, 1897

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Fell Far Short of Liabilities. Sioux CITY, Aug. 1.-Receiver Weatherly of the Sioux City Nursery and Seed company sold at auction the company's assets. They were purchased by Receiver Brown of the Sioux National bank and W. P. Manley, trustee. The total received was $14,615. The company's liabilities are $87,000.


Article from Omaha Daily Bee, November 26, 1899

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Settling Sioux National Affairs. SIOUX CITY, Ia., Nov. 25.-(Special Telegram.)-Depositors of the Sioux National bank, which failed in, 1896, and which has only paid dividends amounting to 55 per cent, expect to get a large proportion of their remaining claims paid. The receiver has announced that he desires to